Peakstone Realty Trust has sold two fully leased Class A office/R&D buildings in Andover, Massachusetts, for $58 million to Rhino Capital Advisors. The properties, 50 Minuteman Road and 6 Technology Drive, totaling 145,262 square feet and 128,400 square feet respectively, are headquarters for technology firms Mercury and Dräger.  

Newmark’s Boston Capital Markets Group represented the seller and facilitated the purchase with a team led by Robert Griffin, Edward Maher, Matthew Pullen and Samantha Hallowell. 

“50 Minuteman Road and 6 Technology Drive benefit from irreplaceable on-campus locations within the premier life science cluster in Boston’s northern suburbs,” said Pullen. “Presently, each asset is 100% leased as a mission-critical facility for a global technology firm with high-quality base building infrastructure and a first-class interior buildout.”